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DEVELOPMENT/INVESTMENT OPPORTUNITY ON THE GORGE WATERWAY! Situated on an expansive 20,223 sqft (104×194) lot with unobstructed panoramic views of the Gorge Waterway, stroll the Gorge Walkway, launch your kayak from Victoria Canoe & Kayak Club just across the street! Build your dream home, PLA in place to subdivide/SSMUH 8 units (see plans) or 3 unit rental for investors. This desirable waterfront-adjacent location and proximity to downtown Victoria make this an exciting opportunity to explore all development possibilities. The property currently features a well-maintained 1955 home with multiple living spaces with excellent rental potential. The main level offers 3 bedrms, full bath, sunny living & dining rooms facing south, and a deck all overlooking the Gorge water. The walk-out lower level includes a legal 2 bedroom suite with newer flooring, its own hot water tank, separate meter, and private patio/deck. Additional bachelor suite too. Pre-Inspection, Oil tank scan, A/C heat pump. DO NOT disturb tenants or walk on property without approval. (id:24212)
Full Address:
368 Gorge Road West, Saanich, British Columbia
Price:
$ 1,750,000
MLS Number:
1052764
List Date:
October 21st, 2026
Neighbourhood:
Gorge
Lot Size:
20233 ac
Year Built:
1955
Taxes:
$ 8,191
Ownership Type:
Freehold

Property Specifications

Bedrooms:
5
Bathrooms:
3
Appliances:
Washer, Refrigerator, Range – Electric, Dishwasher, Dryer
Air Conditioning:
Air Conditioned
Heating:
Heat Pump, Forced air, Wood
Fireplaces:
2

Interior Features

Architectural Style:
Character
Zoning:
Residential
Garage Spaces:
4

Building Features

Finished Area:
2947 sq.ft.
Rooms:
Additional Accommodation
Kitchen
6 x 10 feet
Living room
10 x 15 feet
Lower level
Storage
4 x 11 feet
Main level
Laundry room
6 x 8 feet
Additional Accommodation
Living room
15 x 18 feet
Dining room
9 x 12 feet
Kitchen
8 x 13 feet
Primary Bedroom
11 x 17 feet
Bedroom
8 x 10 feet
Main level
Bedroom
9 x 10 feet
Bedroom
10 x 12 feet
Primary Bedroom
13 x 13 feet
Eating area
7 x 12 feet
Kitchen
9 x 9 feet
Dining room
11 x 14 feet
Living room
19 x 15 feet
Entrance
5 x 10 feet

Floors

View:
Ocean view
Lot Size:
20233 ac
Lot Features:
Central location, Curb & gutter, Southern exposure, Other, Rectangular

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Neighbourhood Details

Agent: Paul AskewBrokerage: RE/MAX Camosun Phone: 250-380-8824

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